Sprinklr (NYSE:CXM) Trading 6.2% Higher – Still a Buy?

Sprinklr, Inc. (NYSE:CXM) shares rose 6.2% on Monday . The stock traded as high as $9.10 and last traded at $9.28. Approximately 223,690 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,228,012 shares. The stock had previously closed at $8.73.

Wall Street Analyst Weigh In

CXM has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a research note on Wednesday, December 11th. Barclays boosted their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.13.

Sprinklr Stock Performance

The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 57.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78. The stock’s 50 day simple moving average is $8.62 and its 200-day simple moving average is $8.36.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr in the fourth quarter worth $42,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr in the fourth quarter worth $89,000. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr in the third quarter worth $105,000. GSA Capital Partners LLP purchased a new stake in Sprinklr during the third quarter worth $129,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Sprinklr during the third quarter valued at $142,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.